Look how wonderful work we have done!
The real competitive advantage will come to businesses and industries that differentiate their product from others in terms of Quality, Assurance, and Safety.
Increase Authorised Share Capital
It is the authorized capital of a private company that determines the maximum number of shares it can issue. Most start-ups begin with the minimum authorised capital of Rs. 1 lakh, which becomes too little as the business grows. To issue new shares or to raise the Authorised Capital, the capital clause of the Memorandum of Association is amended by passing a special resolution by the board.
To Existing Promoters
To increase the authorised capital and to issue new shares to existing promoters the following steps are required. A board meeting is called for all shareholders, and Form PAS-3 is filed with the Registrar of Companies (RoC) to intimate the allotment of new shares.
To New Shareholders
To issue new shares to new shareholders a valuation report is required, from a certified chartered accountant.
